NAR: Monthly existing home sales fall 0.4% in April

 · WASHINGTON (Reuters) – U.S. home sales unexpectedly fell in June, posting their third straight monthly decline as a persistent shortage of properties.

In April, existing home sales fell slightly from the previous month, but growing inventory signaled improvement in the market, according to the latest report from the National Association of realtors. total existing home sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – retreated 0.4% from March to a seasonally adjusted rate of 5.19.

Southern existing-home sales shot up 14.9% to an annual rate of 2.39 million in February. This is down 0.4% from last year. The median price in the South rose to $219,300, increasing 2.5% from.

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Also on Thursday, the National Association for Realtors (NAR) will release the. as tax credit related existing home sales close. But I expect the index will show declines by the end of summer and.

Existing-home sales in the South dropped 0.4% to an annual rate of 2.27 million, down 1.7% from a year ago. The median price in the South was $236,800, up 4.4% from a year ago. Existing-home sales in the West rose 1.8% to an annual rate of 1.11 million in April, 5.9% below a year ago.

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U.S. existing home sales unexpectedly fall in April.. The National Association of Realtors said on Tuesday existing home sales fell 0.4% to a seasonally adjusted annual rate of 5.19 million.

This report reveals sales are 4.4% below April 2018’s rate. NAR chief economist lawrence yun said he is not overly concerned about the 0.4% dip in sales and expects moderate . . .

Economists polled by Reuters had forecast existing home sales rising 2.7% to a rate of 5.35 million units in April. Existing home sales, which make up about 90% of U.S. home sales, dropped 4.4%.

U.S. existing home sales fall in August. Sales of existing homes fell 1.8 percent to a seasonally adjusted annual rate of 5.05 million, the National Association of Realtors said Monday. That.

Existing home sales, which make up about 90 percent of U.S. home sales, dropped 4.4% from a year ago. That was the 14th straight year-on-year decrease in home sales. According to the NAR, there was a 10 percent drop from a year earlier in sales of houses priced $100,000 and below.